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Sarepta Therapeutics, Inc. (SRPT) focuses on the discovery and development of RNA-based therapeutics for the treatment of rare neuromuscular diseases.
The company offers EXONDYS 51, a disease-modifying therapy for the treatment of duchenne muscular dystrophy (DMD), which is a rare genetic muscle-wasting disease caused by the absence of dystrophin.
It also develops SRP-4045 and SRP-4053, which are exon skipping clinical product candidates for the treatment of DMD. The company has a strategic alliance with Nationwide Children's Hospital for the advancement of microdystrophin gene therapy program under the research and option agreement, as well as Galgt2 gene therapy program under the license agreement; Catabasis Pharmaceuticals, Inc to explore a combination drug treatment approach for DMD under the research collaboration agreement; and Charley's Fund, Inc. to support the development of product candidates using its proprietary exon-skipping technologies under the research agreement.
It also has a license agreement with the University of Western Australia for treatment of DMD by inducing the skipping of certain exons; collaboration and license agreement with Summit (Oxford) Ltd. for the development of ezutromid, an utrophin modulator which is in phase II clinical trials for the treatment of DMD; and a gene therapy research collaboration with Genethon to develop treatments for Duchenne muscular dystrophy.
Shares have formed a bullish "cup and handle" and are on the verge of moving higher out of this formation. Higher share prices are expected for this stock.
52-Weeks Trading Range: $26.26 - $63.73
Entry Point: $46.50
Stop Loss: $44.00
Target Price: $51.15
SRPT closed at $51.55
